Elon Musk’s X, formerly known as Twitter, has started charging new users in New Zealand and the Philippines $1 (£0.82) a year to access key features, as part of a new trial. They include the ability to tweet, retweet, like posts and reply to posts. Those who opt out of the subscription fee will only […]
HSBC is disabling texts on its staff’s work phones, following regulatory investigations into unauthorised business communications. That is according to Bloomberg News, who said bank employees will be unable to send or receive text messages on company-issued phones, the report said.
A major hack of a financial services payments system could cost the world $3.5 trillion, Lloyd’s has found, as demand for cyber insurance booms. A “hypothetical but plausible cyber attack” would cause “widespread disruption to global business”, according to a scenario modelled by Lloyd’s together with the Cambridge Centre for Risk Studies. The US would […]
Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding. The House of Lords last month defeated an attempt by ministers to scrap EU-era rules that force developers to mitigate the impact new homes have on river health. Earlier in the month it was reported […]
Limited progress has been made on tackling sexism in the City of London, with women still “battling their way to the top”, MPs have been told. Financier Baroness Helena Morrissey told parliamentarians there were “big pockets of no improvement whatsoever” when it came to gender parity in the Square Mile. The City doyenne stressed that […]
The competition watchdog is to investigate boiler brand Worcester Bosch over whether it misled shoppers with confusing or inaccurate green claims. The Competition and Markets Authority (CMA) said the investigation will focus on whether marketing claims for the firm’s so-called “hydrogen-blend ready” home boilers, which cost between £1,500 and £3,200, may mislead consumers into thinking […]
MG Motors has said it is in a “very strong position to take advantage” of the shift to electric cars as it posted UK sales worth more than £1bn for 2022. The brand, owned by Chinese company SAIC Motor Corp, said its sales volumes more than doubled thanks to demand for its electric and hybrid […]
UK house prices are rising at the slowest rate for this time of year since the 2008 financial crash, according to new data that highlights the impact on the housing market of higher interest rates. The average new asking price rose by 0.5% in the month to 7 October to £368,231, but it was the […]
Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England’s interest rate hikes. There were 1,967 company insolvencies in September, higher than levels seen both before and during the pandemic, when support measures were in place. Voluntary liquidations made up the bulk of the […]
The UK competition regulator has finally approved Microsoft’s $69 billion deal to buy the gaming giant Activision Blizzard 21 months after it was first agreed. The revised deal for Microsoft to buy Activision without cloud gaming rights has been cleared after the Competition and Markets Authority (CMA) concluded that it would preserve competitive prices and […]